ALBANY, New York, Jan 03, 2013 (PR Newswire Europe via COMTEX) --
ALBANY, New York, January 3, 2013 /PRNewswire/ --
According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "CIS (Russia, Ukraine, Others) MDI (Methyl Diphenyl Diisocyanate) Market - Industry Analysis, Raw Material, Consumption Trends, Size, Share and Forecast, 2010 - 2018," the CIS demand for MDI was 265.9 kilo tons in 2011 and is expected to reach 391.9 kilo tons in 2018, growing at a CAGR of 5.8% for the period from 2013 to 2018. In terms of revenues, the MDI market was expected to be worth USD 744.4 million in 2011 and is expected to reach USD 1,116.9 million in 2018, growing at a CAGR of 6% from 2013 to 2018.
Browse the full report athttp://www.transparencymarketresearch.com/russia-mdi.html
The growing demand from end use industries such as construction, furniture and home appliances is the major factor driving the market for MDI. Availability of abundant natural resources in the form of crude oil and natural gas (especially in Russia) is also propelling the growth of MDI market in the CIS. However, the market is inhibited by volatile pricing characteristics of benzene. Phosgene free MDI production process provides immense opportunities for participants to minimize the impact of MDI on environment and at the same time attain sustainability.
Majority of the MDI produced in the CIS is used for the production of rigid foam polyurethanes. Rigid foam polyurethane accounted for approximately 58% of the total MDI produced in CIS for the year 2011. Along with being the biggest application segment, rigid foam polyurethanes are also the fastest growing application market for MDI in the CIS region. Paints and coatings market for MDI is a small market when compared with rigid foam polyurethanes but still it emerges as the second biggest segment consuming MDI. MDI is also used in the production of flexible foam, adhesives & sealants and elastomers and binders.
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